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3 years ago

What is the future value of $450 at an interest rate of 15 percent one year from today?

Business

1 answer:

gladu [14]3 years ago

3 0

Answer:

$517.50

Explanation:

we have to use the future value formula:

future value = present value x (1 + interest rate)ⁿ

present value = $450
interest rate = 15%
n = 1 year

future value = $450 x (1 + 15%) = $450 x 1.15 = $517.50

The basic premise of finances is that the value of money changes over time, i.e. one dollar today is worth more than one dollar tomorrow. That is because the money yo have today can be invested and it can interest, therefore, it will be worth more in the future.

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Use the information for Geiberger Corporation from BE21.12, except assume the collectibility of the rentals is not probable. Pre

Vikentia [17]

Answer:

Date Account title Debit Credit

12/31/2019 Lease Receivable $175,934

Cost of Goods sold $120,000

Sales Revenue $175,934

Inventory $120,000

Date Account title Debit Credit

12/31/2019 Cash $40,800

Deposit Liability $40,800

The rental amount is constant and is made on the first day of the lease period so this is an annuity due.

As the collectability is probable, you need to find the present value of this lease:

= 40,800 * Present value of annuity due factor, 5 year, 8%

= 40,800 * 4.3121

= $175,933.68

= $175,934

7 0

3 years ago

The following cash transactions occurred during the period. INTEREST RECEIVED IN CASH $18,000

nikklg [1K]

Answer:

OPERATING ACTIVITIES

SOURCES: INTEREST RECEIVED IN CASH $18,000, the company receives money

(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, the company pays wages

INVESTING ACTIVITIES

SOURCES: NONE

(USES:) PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000 , the company pays for the equipment

FINANCING ACTIVITIES

SOURCES: NONE

(USES:) DISTRIBUTION OF CASH DIVIDEND DECLARED LAST YEAR $25,000, the company pays dividends

5 0

3 years ago

List the four workplace trends discussed in the lecture.

zloy xaker [14]

Answer:

lecture

Explanation:

if you give me the lecture I will update awnser

6 0

2 years ago

Blue Chance Co. sells computers and video game systems. The business is divided into two divisons along product lines. Variable

slamgirl [31]

Answer:

ratio = 7 : 3

Weighted average contribution ratio = 37 %

break-even point = $800,000

sales level = $560,000

Sales level = $240,000

Explanation:

Solution

we know here that contribution margin for computer is express as

contribution margin for computer = $\frac{280000}{700000}$

contribution margin for computer = 40%

and

Contribution margin for VG Systems is = $\frac{90000}{300000}$

Contribution margin for VG Systems is = 30%

ratio = (40 + 30 ) : 30 = 7 : 3

and

Weighted average contribution margin ratio are here

Weighted average contribution ratio = 40% × 0.7 + 30% × 0.3

Weighted average contribution ratio = 37 %

and

break even point in dollars are

break-even point = $\frac{296000}{37}$

break-even point = $800,000

and

sales level are here

sales level for computer = 800000 × 70%

sales level = $560,000

and

Sales level for VG systems: 800000 × 30%

Sales level = $240,000

7 0

3 years ago

Which of the following is not an activity that HR professionals can do as part of a due-diligence process? Creating a SWAT team

stepan [7]

Answer:

Developing an action plan once the process has started

Explanation:

4 0

3 years ago